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Investments in Indore SEZ cross 3,820Cr.

Date: 20-10-2015
Subject: Investments in Indore SEZ cross 3,820Cr
INDORE: India's only Green Field multi-product special economic zone (SEZ) at Indore has crossed investments worth Rs 3,820 crore till September 30. With 49 operational units at the SEZ it provides employment to roughly 15,000 people.

SEZ which covers industries of plastics, engineering goods, pharmaceuticals, metals, textiles and food processing are earmarked by a considerable growth in exports. With a growth of 22% total turnover of the zone in the first six months of current financial year was Rs 3,209 crore as compared to Rs 2,619 crore in the same period in 2013-14.

Exports from SEZ Indore have been Rs 2,909.22 crore and 3,918.77 crore respectively in 2013-14 and 2014-2015. Ishwar Singh, development commissioner, SEZ, said, "There is a lot of scope for setting up more units in SEZ as land measuring about 600 hectares with all infrastructure facilities is still available."

Trend of exports during current financial year is exhibiting a positive growth as exports to the tune of Rs 2,310 crore during first half of current year as compared to Rs 2,008 crore during corresponding period of previous year registering a growth of more than 15%.

Crystal IT Park SEZ which is the only functional IT SEZ in state with six functional units in the zone has also shown a positive growth. Total exports from Crystal park for 2014-15 was Rs 90.61 crore vis-a-vis Rs. 73.47 crore in 2013-14.

Exports during first half of the current year were Rs 93 crore as compared to Rs 40 crore last year with employment to 1,108 people.

Source : timesofindia.indiatimes.com

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